Articles

Mighty Oxford Financial loses big case with client

An arbitrator ordered the Carmel financial-advisory firm to pay $2.2 million to Reid Hospital & Health Services of Richmond. The dispute involved a delay in executing trades in 2011 that the hospital alleged cost it $2.5 million.

Read More

Taxi cab drivers file suit against Town of Speedway

Speedway police improperly seized the licenses of as many as 80 cab drivers on the day of this year’s Indianapolis 500, and later charged them $50 each for their return, according to a federal lawsuit filed against the town.

Read More

State sues S&P over flawed ratings of securities

Securities Commissioner Chris Naylor accuses S&P of “systematically and intentionally” misrepresenting its analysis of securities backed by commercial or residential mortgages in order to “maximize revenue and market share.”

Read More

City facing heavy costs over pool evacuation

Dozens of people who were sickened by fumes after a chemical reaction at an Indianapolis public pool a year ago have filed claims against the city, raising the possibility that the accident and ensuing evacuation could cost the city more than $2 million.

Read More

Feud with Hilberts stinging Menard on many levels

Throwing the sexual-extortion allegations into the public domain must be a nightmare for Menard, who for decades has doggedly avoided scrutiny of his personal life—even as he built his chain into the nation’s No. 3 home improvement retailer and built his net worth to an estimated $7 billion.

Read More

Suit: Menard pressured Tomisue Hilbert for sexual favors

The lawsuit charges Tomisue Hilbert’s rejection of the billionaire is the real reason he launched a bitter battle to remove her husband, Steve Hilbert, as CEO of the Indianapolis-based private-equity funds the three of them started in 2005.

Read More